Federal finance and statistics / National Bureau of Statistics
Federation Account Allocation Committee (FAAC) (September 2022 Disbursement)
Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N905.53bn to the three tiers of government in September 2022 from the total revenue generated in August 2022. The amount disbursed comprised N654.36bn from the Statutory Account, N20.00bn distribution for the month of September 2022, and N231.17bn from Valued Added Tax (VAT). The Federal Government received a total of N259.64bn from the N905.53bn, States and Local Governments received a total of N222.95bn and N164.25bn respectively. The sum of N26.30bn was shared among the oil-producing states from the 13…
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